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Why we’re nowhere near the mania phase in precious metals

by Simon Black, Sovereign Man :

…Gold and silver’s real breakout will be when the average, everyday guy has signed up to receive gold price SMS alerts to his smart phone and has the local coin dealer on speed dial.

Just like the real estate bubble in the early 2000s when every Tom, Dick, and Harry was flipping off-plan condos in Miami, precious metals will enter bubble territory when the masses get into the market.

It may be a bumpy ride for precious metals as the euro crisis continues to unfold… but it’s clear that we’re a long way off from the Joe Six-Pack mania phase.

Read More @ SovereignMan.com

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